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Alpine Investors (Alpine), a middle market private equity firm that focuses on software and services businesses, has completed fundraising for Alpine Investors VII (Fund VII) with USD1 billion in limited partner capital commitments.
Fund VII was oversubscribed, well exceeding its USD750 million target and hitting its hard cap, bringing the firm’s total AUM to USD2.7 billion.
“We are very grateful to the diverse group of new and returning limited partners who have demonstrated their confidence in our approach to private equity,” says Graham Weaver, Founder and CEO of Alpine. “Our PeopleFirst strategy drives highly engaged company cultures, business growth, and
E-commerce platform Shopblocks has set its sights on the US market after securing a GBP500,000 investment.
Shopblocks has raised funding from the Greater Manchester Combined Authority’s GM Investment Fund, its existing investor Dow Schofield Watts Angels (DSW Angels), and members of the management team to support its expansion in the UK and overseas.
The Stockport-based business, which currently employs 20 people, aims to achieve a fourfold increase in monthly revenues in the year ahead in line with its growth in the previous 12 months, and is planning to create an additional 37 jobs for developers, sales and support staff.
Careology, a health-tech platform for cancer care, has raised GBP1.12 million in funding from some of the UK’s leading health and technology private angel investors.
Careology is the first intelligent technology that empowers people with cancer to feel in control of their own care. It seamlessly connects them to their family and healthcare provider to enable proactive, real-time care. The data-driven platform transforms how those affected by a cancer diagnosis are supported and cared for.
Following the launch of Careology earlier this year and the incredibly exciting reaction received from healthcare providers and patients, this funding will be used to expand the
FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has made an investment in the newly formed Orthodontic Partners (OP), an orthodontic services organisation.
FFL will be partnering with co-founders Dr Jamie Reynolds, Dr Jeff Kozlowski and CEO Chip Hurlburt, who also have significant equity in the business. Additional financial terms of the transaction were not disclosed.
Headquartered in Grand Rapids, Michigan, OP provides orthodontic care, including traditional braces and aligners, to children, teens and adults. The Company currently has offices in Michigan and Connecticut.
“We look forward to working with Chip, Jamie and
Leading global law firm Baker McKenzie has hired private equity partner Justin Hutchinson from Kirkland & Ellis, as part of the Firm’s continued efforts to drive growth across its transactional practices and increase the Firm’s bench-strength in London – one of the key centres for further investment alongside New York and China.
Hutchinson is an experienced cross-border transactional lawyer, having acted throughout his career on a broad range of control and minority investments, leveraged buyouts, management equity arrangements and disposals. His client base includes growth equity, large cap private equity and other financial sponsors, such as Bain Capital and Summit
HarbourVest Partners, a global private markets asset manager, has held the final close of its fifth co-investment fund at its hard cap of USD3.0 billion. HarbourVest Partners Co-Investment Fund V, which had an original target of USD2.5 billion, was oversubscribed.
“HarbourVest’s direct co-investment program has established itself as a leader within the private equity space,” says Peter Wilson, Managing Director, HarbourVest Partners. “Our longstanding relationships with proven managers have created access to compelling investment opportunities in partnership with some of the best sponsors in the industry.”
The fund’s strategy is to create a global, diversified portfolio of direct co-investments
Ares Management Corporation has appointed Michael Schechter as Partner and Head of Credit Trading.
Based in Los Angeles, Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the US and Europe. In this new position, Schechter will work with Ares’ existing senior trading professionals, portfolio managers and management to set and execute Ares’ trading agenda.
“We are pleased to welcome Michael to Ares in his new position as the leader of our Credit Group’s trading team,” says Kipp deVeer, Partner and Head of the Ares Credit Group. “Michael brings extensive knowledge and deep
Prescient Fund Services (Ireland) Limited, an independent provider of globally competitive and flexible outsourced management company, platform and fund administration services, has converted two of its fund platforms from PLCs (Public Limited Companies) to ICAVs (Irish Collective Asset-management Vehicles).
Prescient supports investment managers of Irish regulated and other traditional and alternative funds by providing the infrastructure and performing the key control functions that are required to help them to grow their businesses and meet their regulatory obligations.
The two umbrella platforms, one regulated as a UCITS and one regulated as a QIAIF (Qualified Investor Alternative Investment Fund), enable international investment
Janney Montgomery Scott, a full-service wealth management, capital markets, and asset management firm, is to utilise iCapital Network’s platform technology in a white-label solution to enhance the alternative investment capabilities on its platform.
Through the partnership, Janney’s Financial Advisors gain access to iCapital’s curated online menu of private equity and hedge fund offerings with the ability to seamlessly incorporate these investments into client portfolios. Within the fund menu, the iCapital Research and Due Diligence Team provides a high-quality array of diverse alternative investment offerings to help achieve desired client outcomes of growth, income, and portfolio diversification. iCapital will also offer
The Maples Group, a global service provider offering clients a comprehensive range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has recently appointed its thousandth member of staff.
Alasdair Robertson, Global Managing Partner of Maples and Calder, the Group’s law firm, says: “2019 has certainly been a memorable year for us. In addition to reaching this milestone, opening our Shanghai and Jersey offices following the successful launch of our Luxembourg legal practice, we also rolled out a complex rebrand.”
In January 2019, Maples and Calder and MaplesFS consolidated their offerings under a single brand, now
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